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Oil News

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‘We Will Sink Your Oil Tankers’: Pete Hegseth Issues Stark Warning to Iran

Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed that it targeted a US aircraft carrier and a destroyer with ballistic missiles....
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3 Attacks on Oil Tanker in Hormuz, Global Energy Markets on Alert; Oil and LPG Prices May Soar

The tanker was attacked when it was leaving Hormuz. This incident took place about 17 nautical miles i.e. 31 kilometres, east of Khasab city of Oman....
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Donald Trump’s Big Oil Win: US Takes Control of Venezuela’s 65 Billion-Barrel Reserves, Biggest Deal Ever

Donald Trump says that this agreement will significantly increase America's oil reserves and can help in reducing petrol prices for the American people in the future. ...
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Iran Oil Trade Deal: US Sanctions Four India-Based Companies, Three Indian Citizens Targeted

According to reports, the banned companies include India-based customs broking and trading firms. The name of Portis Partners LLP has also appeared in these....
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'Iran's Illegal Oil Trade Won't Be Tolerated', America Issues Fresh Warning

US Treasury Secretary Scott Besant said the Treasury Department has identified networks that are being used to move Iranian oil, raise funds and evade sanctions....
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Is Donald Trump Planning to Target China to Tighten the Economic Squeeze on Iran?

China is the largest buyer of Iran's oil exports. According to Kpler data, more than 80 percent of the oil sent by sea from Iran will reach China in 2...
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Iran Strikes Deal With Oman Over Hormuz, Hits Back at Trump’s US Territory Threat

The Strait of Hormuz is one of the most important sea routes in the world. About one-fifth of global crude oil passes through this route....
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Global Oil Crisis Looms: Trump Warns Americans to Brace for Higher Oil Prices as Iran Stands Firm

US President Donald Trump has also indicated that the American people may have to pay the price of fuel for maintaining pressure on Iran. ...

100% US Tariff May Hit Indian Exports Hard, Russia Oil Imports Could Become Costly

According to GTRI, in 2026, India will have imported crude oil worth about 40.08 billion dollars from Russia. ...

100% Tariff Threat: US Senate Approves Bill Targeting India and 4 Other Russian Oil Buyers

The bill passed by the Senate makes a provision to impose up to 100 percent tariff on countries purchasing oil and gas from Russia. ...

Defy Us Again and Iran Will Burn: US Issues Stark Warning After 10 Straight Nights of Airstrikes

The US Central Command (CENTCOM) says that several important military targets of Iran were targeted in the recent air strikes. ...

India Could Face Up to 500% Tariffs as Trump Backs Russia Sanctions Bill, Report Claims

The purpose of the "Sanctioning Russia Act" introduced in the US Congress is to create economic pressure on countries involved in Russia's oil and gas...

America Restarts Hormuz Blockade as New Airstrikes Hit Ahvaz and Qeshm Island

America says that this action has been taken in response to the attacks on merchant ships passing through the Strait of Hormuz....

Oil Tanker Hit Near Strait of Hormuz After US-Iran War, Mystery Surrounds Fresh Attack

According to Britain's maritime security agency UKMTO, an unknown object collided with an oil tanker about 8 nautical miles east of Limah coast of Oma...

Putin Confesses Impact of Ukrainian Strikes on Russia's Oil Supply, Opens Door to Negotiations

Vladimir Putin admitted that there is a fuel shortage in some parts of the country. However, Putin refused to consider it a major crisis. ...

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